KAVERI SEED Announces Quarterly Results (1QFY20); Net Profit Up 9.3%

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KAVERI SEED Announces Quarterly Results (1QFY20); Net Profit Up 9.3%
Wed, 14 Aug

KAVERI SEED has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

KAVERI SEED Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m5,8194476,2761303.3%7.9%
Other incomeRs m168244174.4%-75.4%
TurnoverRs m5,9874716,3171241.4%5.5%
ExpensesRs m3,7845073,915672.9%3.5%
Gross profitRs m2,035-592,36116.0%
DepreciationRs m5359626.3%16.7%
InterestRs m001169.7%394.4%
Profit before taxRs m2,150-952,3398.8%
TaxRs m44203684.3%-17.0%
Profit after taxRs m2,106-1142,3029.3%
Gross profit margin%35.0-13.337.6
Effective tax rate%2.0-20.91.6
Net profit margin%35.2-24.336.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 7.9% on a year-on-year (YoY) basis. The expenses were up by 3.5% YoY during the same period.
  • The company's operating profit increased by 16.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 37.6% in 1QFY20 as against 35.0% in 1QFY19.
  • Depreciation charges increased by 16.7% and finance costs increased by 394.4% YoY, respectively.
  • Other income declined by 75.4% YoY during the quarter.
  • Net profit for the quarter increased by 9.3% YoY. Net profit margins during the quarter increased from 35.2% in 1QFY19 to 36.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1303.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 672.9% QoQ during the same period.
  • The company's operating profit increased by 4079.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 37.6% in 1QFY20 as against 13.3% in 4QFY19.
  • Net profit for the quarter increased by 2112.6% QoQ, while net profit margins increased from -24.2% in 4QFY19 to 36.4% in 1QFY20.

To see how KAVERI SEED has performed over the last eight quarters,please visit here.

KAVERI SEED Share Price Performance

Over the last one year,KAVERI SEED share price has moved down from Rs 620.1 to Rs 472.4, registering a Loss of Rs 147.7 or around 23.8%.

Overall, the S&P BSE SENSEX is down 0.6% over the year.

Current Valuations

At the current price of Rs 472.4, the price to earnings (P/E) ratio of KAVERI SEED stands at 13.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.2 times.

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Related Views on News

KAVERI SEED Announces Quarterly Results (4QFY19); Net Profit Up 37.7% (Quarterly Result Update)

May 28, 2019 | Updated on May 28, 2019

For the quarter ended March 2019, KAVERI SEED has posted a net profit of Rs 114 m (up 37.7% YoY). Sales on the other hand came in at Rs 447 m (up 7.5% YoY). Read on for a complete analysis of KAVERI SEED's quarterly results.

KAVERI SEED Announces Quarterly Results (3QFY19); Net Profit Down 32.9% (Quarterly Result Update)

Feb 18, 2019 | Updated on Feb 18, 2019

For the quarter ended December 2018, KAVERI SEED has posted a net profit of Rs 36 m (down 32.9% YoY). Sales on the other hand came in at Rs 672 m (down 4.9% YoY). Read on for a complete analysis of KAVERI SEED's quarterly results.

KAVERI SEED 2017-18 Annual Report Analysis (Annual Result Update)

Dec 19, 2018 | Updated on Dec 19, 2018

Here's an analysis of the annual report of KAVERI SEED for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of KAVERI SEED. Also includes updates on the valuation of KAVERI SEED.

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